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GOLD LOSING SHINE: JOYALUKKAS TO DIVERSIFY BUSINESS (to launch air charter service, strengthen money exchange business, and re-brand and expand textile retail).

India Business Insight

Joyalukkas, which is facing sluggish jewellery sales, is now diversifying its business.

The company plans to launch air charter service, strengthen money exchange business, and re-brand and expand textile retail. Joyalukkas Money Exchange (JME), which was launched in 2006, had remained dormant during the past few years due to licence issues in Dubai. Now JME has become active with five centres in the UAE and 10 centres coming up in Qatar, Muscat, Bahrain and Saudi Arabia. The company is also launching its first Indian money exchange centre at Kochi in Mar …

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